Through a combination of raw data, meta data (so-called “information about information”) and “big data” tools, EFB can bring together a vast quantity of information at various levels – the global economy, regions and sub-regions, countries and cities, industries and companies – to draw out fresh and relevant insights for business. The availability of more data is bringing changes to every industry, and businesses are adapting to a context in which there is often less value in causal modelling than in deriving quick insights and correlations from a messier dataset. EFB aims to bring the benefits of big data to its subscribers with more immediate, value-added insight for business than has previously been possible. The benefits of EFB’s data-centred approach include:

  • The presentation of data at all levels in a consistent form to aid comparison and insight
  • A vast collection of data for key industries, the structure and content of which are based on best practices from macroeconomic analysis
  • A focus on sustainability-related indicators at all levels